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Philippines: BOI-approved investments up 26%

MANILA, Philippines — Investments approved by the Board of Investments (BOI) rose 26 percent in the January to October period from a year ago driven by projects in five key industries. In a statement yesterday, the BOI said it approved P515.9 billion worth of investments in the 10-month period this year, higher than the P408.8 […]

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Thailand: State to lead way with Bt30 bn investments in EECi

THE government will invest Bt30 billion in the Eastern Economic Corridor of Innovation (EECi) zone and expects the private sector will follow its lead with around Bt100 billion in investments in the zone under the 20 year-project. Narong Sirilertworakul, president of the National Science and Technology Development Agency (NSTDA), said that agency will construct the […]

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Indonesia: Palm oil exports decrease further in September

Indonesia’s palm oil exports declined by 3 percent in September to 3.2 million tons from 2.2 million tons in the previous month, the Indonesian Palm Oil Producers Association (Gapki) has said. “The decreasing price of crude palm oil [CPO] has failed to attract countries to export more CPO because the prices of other vegetable oils like soybean, rapeseed and […]

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Myanmar: Gas pipeline at Zawtika to be replaced

The replacement of a gas pipeline at the Zawtika project, offshore of Myanmar, will be conducted to reliably supply gas to Myanmar, said Mr. Piya Sukhumpanumet, general manager of PTTEP Myanmar Asset. Mr Piya was speaking to journalists during a media tour to Zawtika, located in block M-9 of the Moattama Gulf, Tanintharyi Region on […]

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Myanmar: Painful correction

Myanmar’s currency crisis seems to have eased in recent days as a result of government actions, and to the relief of some market observers who feared an Argentina-style meltdown was in the making. Analysts, however, believe this is only a temporary reprieve as the economic fundamentals that gave rise to the sudden crash remain. If […]

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